If you want to secure your child's future, then join this post office scheme and open a special account for your child. Under this post office scheme, your child will get Rs 2500 per month.
Let us know in detail in the news given below. Post office schemes are beneficial for those who want low-risk profits. Post Office MIS is such a savings scheme in which you will be able to take advantage of it in the form of interest by investing money once every month.
There are many benefits of this account (Post Office Savings Scheme). This account can also be opened in the name of children above the age of 10 years. If you open this special account (Post Office Monthly Income Scheme) in the name of your children, you can pay the tuition fees for the interest accrued every month. Let's know the complete details of this scheme
Where and how to open an account
You can open this post office account (Post Office Monthly Income Scheme Benefits) by visiting any post office.
Under this, a minimum deposit of Rs 1000 and a maximum of Rs 4.5 lakh can be deposited.
At present, the interest rate under this scheme (Post Office Monthly Income Scheme Interest Rate 2021) is 6.6%.
If the age of the child is more than 10 years, then you can open this account (MIS benefits) in his name and if it is less then the parent can open this account in his place. The maturity period of this plan is 5 years. After that, it can be turned off.
The calculation will be like this
If your child is 10 years old and you deposit Rs 2 lakh in his name, then at the current rate of 6.6 percent, your interest will be Rs 1,100 per month. In five years, this interest will total Rs 66 thousand and in the end, you will also get a return of Rs 2 lakh.
In this way, for a small child, you will get Rs 1100 which you can use for his studies. This amount can become a good help for the parents.
1925 rupees will be available every month
The specialty of this account (Post Office Monthly Income Scheme Calculator) is that it can be opened as a single or joint account with three adults. If you deposit Rs 3.50 lakh in this account, then you will get Rs 1925 every month at the current rate. This is a huge amount for the children studying in school.
